Oriental Union Chemical (TPE:1710) ROCE % : -0.18% (As of Mar. 2024)

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What is Oriental Union Chemical ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Oriental Union Chemical's annualized ROCE % for the quarter that ended in Mar. 2024 was -0.18%.

Oriental Union Chemical ROCE % Historical Data

The historical data trend for Oriental Union Chemical's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Oriental Union Chemical ROCE % Chart

Oriental Union Chemical Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-1.21

-3.66

6.50

-1.87

0.73

Oriental Union Chemical Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															9.99	-1.49	-3.00	-2.69	-0.18

Oriental Union Chemical ROCE % Calculation

Oriental Union Chemical's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	179.012	/	( ( (34907.804 - 9981.12)	+	(33014.331 - 8624.01) )	/ 2 )
	=	179.012	/	( (24926.684	+	24390.321)	/ 2 )
	=	179.012	/	24658.5025
	=	0.73 %

Oriental Union Chemical's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-43.292	/	( ( (33014.331 - 8624.01)	+	(32616.435 - 8197.585) )	/ 2 )
	=	-43.292	/	( ( 24390.321	+	24418.85 )	/ 2 )
	=	-43.292	/	24404.5855
	=	-0.18 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Oriental Union Chemical (TPE:1710) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Oriental Union Chemical ROCE % Related Terms

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Oriental Union Chemical (TPE:1710) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Oriental Union Chemical Corp (TPE:1710) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 101, Fu-Hsing North Road, 13th Floor, Taipei, TWN, 105

Website

https://www.oucc.com.tw

Oriental Union Chemical Corp is a Taiwan-based manufacturer and distributor of chemicals and plastic products. The firm is organized in four main segments: ethylene glycols, special chemicals, gas, and investment and other. The ethylene glycols segment, which generates the majority of the firm's revenue, sells chemicals used in the production of polyester, antifreeze, brake fluid, and plastic food and beverage containers. The special chemicals segment sells chemicals used in the production of textiles, personal care products, leather products, rubber, and construction and building materials. The gas segment sells oxygen, nitrogen, and argon. The vast majority of the company's revenue comes from Asia.

Oriental Union Chemical (TPE:1710) Headlines

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